US has more than 5,600 banks.
After years of thin activity in bank M&A, a consolidation wave may be coming. The spur to consolidation comes with the new bank-relief bill passed on Tuesday by Congress, which is set to free small and mid-sized lenders from many of the restraints that apply to the trillion-dollar banks, like JPMorgan Chase or Bank of America.
Source: FT
Thanks!
Our editors are notified.